IOTA/USD Breaks Above $1IOTA / USD ANALYSIS
The IOTA price is trading bullishly and a breakout above the channel may trigger a rapid increase.
The daily chart reveals that IOTA/USD has now resumed the bullish continuation as the buyers gain control of the market. The 4.67% surge in volatility has leveled up the trading price at around the $0.96 resistance level. The MIOTA price is seen trading above the 9-day and 21-day moving averages.
Can MIOTA Price Keep the Uptrend?
According to the daily chart, the IOTA price has been increasing since July 21 and traders may see more climbs if the coin crosses above the upper boundary of the channel as the bulls are taking control of the market. On the downside, the 21-day moving average at $0.80 could provide support for a possible bearish retracement.
However, if the MIOTA price crosses below the moving averages, the coin may test the $0.72, $0.62, and $0.52 supports. As revealed on the Relative Strength Index (14), the signal line is crossing above 60-level and the current buying pressure is clearly revealed above this level. At the moment, we can say the MIOTA market is following a bullish scenario and the resistance levels are located at $1.20, $1.30, and $1.40.
IOTA/USD Market
Key Levels:
Resistance levels: $1.20, $1.30, $1.40
Support levels: $0.72, $0.62, $0.52
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IOTA (MIOTA) - August 12Hello?
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(IOTAUSD 1W Chart)
If the price is maintained above the 0.57391761-0.70752520 range, we expect the uptrend to continue.
(1D chart)
We need to see if we can continue the uptrend by moving above the 1.07896204-1.20630784 section.
If it goes down, you should check to see if it finds support in the 0.7275250-0.79672550 zone.
If the volume profile section formed in the section 2.33397396-2.48227711 is upwardly broken, it is expected to create a new wave.
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(IOTABTC 1W chart)
The 6200 Satoshi branch is the bottom section and is a mid- to long-term investment area.
(1D chart)
If the price is maintained in the 2061 satoshi-2646 satoshi range, it is expected to turn into an upward trend.
If it goes down, we should see if there is support in the 1768 satoshi-2061 satoshi range.
To accelerate the uptrend, it must rise above the 3231 satoshi-3524 satoshi range.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
IOTA Buy a break.IOTA - Intraday - We look to Buy a break of 2.112 (stop at 2.038)
We are trading at overbought extremes.
This provides an excellent risk/reward opportunity to fade the current bullish move.
A break of bespoke resistance at 2.100, and the move higher is already underway.
Our profit targets will be 2.334 and 2.389
Resistance: 2.100 / 2.200 / 2.300
Support: 2.000 / 1.900 / 1.800
IOTAUSD D4: 200% gains BEST level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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IOTAUSD D4: 200% gains BEST level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IOTAUSD D4 chart review
::: still bullish outlook in IOTAUSD
::: massive gains recently
::: upside momentum intact for now
::: TP BULLS near 4.20 USD
::: right now more upside possible
::: recommend to BUY ANY DIPS
::: 1.50/1.60 USD great reload BULLS
::: BULLS maintain control until 4.20 USD
::: until we get a decent pullback
::: wait for the pullback now
::: before buying it
::: Speculative bullish setup
::: reload bulls is later maybe this week
::: strong mirror S/R level
::: 1.60 USD strong reload BULLS
::: get ready to BUY low / hold it
::: 200% gains possible from my level
::: strategy: BUY LOW after pullback
::: TP bulls is +200% gains BUY/HOLD setup
::: buy near my level and get rewarded
::: TP bulls is +200% or 4.20 USD
::: good luck traders
🔸 Supply/Demand Zones
::: dem/supp N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/CORRECTION
::: Sentiment outlook mid-term: BULLISH /200% PUMP
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
MY MINIMALIST CHART ANALYSIS 9.6.21
My Minimalist Analysis
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Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
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IOTA pushing UPIOTA is currently witnessing profit-booking and it may drop to the first support at the 38.2% Fibonacci retracement level.
A strong rebound off this level will suggest that traders are buying on minor dips.
The bulls will then make one more attempt to push the price above $2.00 If they succeed, the pair could pick up momentum and rally toward $2.32 and then $2.63
IOTA vs 4 years downtrend channelAs of writing, $8 million short positions are still open. Combine that with all the progress IF and the community are delivering, plus the latent realization of severe limitations in blockchain based DLTs (Cardano Smart Contract most recently) there is a good chance IOTA is switching into a steep uptrend channel after 4 years of misery.
IOTA PRICE PREDICTION
The IOTA price rocketed higher as demand for the Internet of Things (IoT) cryptocurrency jumped. The coin rose to $1.7462, which was the highest level since May 19. This rally brought the total market capitalization of IOTA to more than $3.6 billion.
What is IOTA and how does it work?
IOTA is a blockchain project that was developed in 2018. It is a relatively different project from other popular platforms like Ethereum and Polkadot. For one, it is a platform that aims to help solve problems in the Internet of Things (IoT) industry.
IOTA achieves this through the tangle, which is a directed acyclic graph (DAG) that stores transactions. The tangle technology works in a different way than how blockchain works. Transactions within te network are issued by nodes that make up the tangle graph. In this case, when a transaction arrives, it must always approve the previous two transactions.
In the past few years, IOTA has achieved several partnerships. Indeed, some of the top level companies using this network are Dell Technologies, Jaguar Landrover, TradeMark East Africa, Zebra, and Ensuresec. Indeed, recently, we wrote about the deal between IOTA and TradeMark that will help streamline business within the East African Community.
IOTA price prediction
The daily chart shows that the IOTA price declined substantially in July, reaching a multi-month low of $0.5675. Since then, the coin formed an inverted head and shoulders pattern, which is usually a bullish sign.
The upward momentum of IOTA gained steam in the overnight session as it rose above the 25-day and 50-day moving averages. The two lines of the MACD have also been in a strong bullish trend.
Therefore, the coin will likely keep rising as investors target the key resistance level at $2.7284. This is a notable price that is its all-time high and is about 60% above the current level.
IOTA Long - Target $1.55 reachedSUMMARY: Long, can see this hitting the $3 mark by the end of the bull run 2021
Huge bull flag has played out, expect a retracement to the 200MA as a back test before continuation.
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Descending triangle in a bullish trendPrice likely to drop further to as low as around $0.65. If we keep travelling sideways this is very bullish. As we're still very much in a bullish market trend, we should positively bounce out of the triangle and based on the 45 degree gann fan re test $2 sometime in Q2.